Kestra Private Wealth Services LLC Trims Stock Position in HDFC Bank Limited $HDB

Posted by George Bondi on Jun 28th, 2026

Kestra Private Wealth Services LLC lessened its holdings in HDFC Bank Limited (NYSE:HDB – Free Report) by 12.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 169,711 shares of the bank’s stock after selling 23,915 shares during the period. Kestra Private Wealth Services LLC’s holdings in HDFC Bank were worth $4,222,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. PineStone Asset Management Inc. increased its stake in HDFC Bank by 1.9% during the fourth quarter. PineStone Asset Management Inc. now owns 8,315,726 shares of the bank’s stock worth $303,857,000 after purchasing an additional 151,992 shares during the period. M&T Bank Corp boosted its stake in shares of HDFC Bank by 788.3% in the fourth quarter. M&T Bank Corp now owns 115,126 shares of the bank’s stock valued at $4,206,000 after purchasing an additional 102,166 shares during the period. Matthews International Capital Management LLC boosted its stake in shares of HDFC Bank by 58.3% in the fourth quarter. Matthews International Capital Management LLC now owns 343,916 shares of the bank’s stock valued at $12,567,000 after purchasing an additional 126,650 shares during the period. Boston Common Asset Management LLC grew its holdings in shares of HDFC Bank by 80.9% in the fourth quarter. Boston Common Asset Management LLC now owns 1,537,511 shares of the bank’s stock valued at $56,181,000 after purchasing an additional 687,812 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in HDFC Bank by 137.6% during the 3rd quarter. Schroder Investment Management Group now owns 25,221,130 shares of the bank’s stock worth $861,554,000 after buying an additional 14,606,422 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on HDB. Weiss Ratings reiterated a “sell (d+)” rating on shares of HDFC Bank in a report on Wednesday, June 3rd. Zacks Research downgraded shares of HDFC Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Report on HDB

Insider Transactions at HDFC Bank

In other news, insider N Srinivasan sold 10,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $8.72, for a total value of $87,200.00. Following the transaction, the insider owned 638,422 shares in the company, valued at approximately $5,567,039.84. This represents a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ashish Parthasarthy sold 5,600 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total value of $48,720.00. Following the sale, the insider directly owned 842,958 shares in the company, valued at $7,333,734.60. This trade represents a 0.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 21,600 shares of company stock valued at $189,560 over the last ninety days. 1.00% of the stock is owned by company insiders.

HDFC Bank Trading Up 1.4%

Shares of HDB stock opened at $25.72 on Friday. The company has a market cap of $131.19 billion, a P/E ratio of 15.40, a PEG ratio of 1.19 and a beta of 0.65. The firm has a fifty day moving average price of $24.79 and a 200 day moving average price of $29.16. HDFC Bank Limited has a 12 month low of $22.91 and a 12 month high of $39.81.

HDFC Bank Profile

(Free Report)

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).